Heico Corporation $HEI Shares Sold by One Madison Group LLC

by · The Markets Daily

One Madison Group LLC decreased its holdings in shares of Heico Corporation (NYSE:HEI – Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,000 shares of the aerospace company’s stock after selling 10,000 shares during the quarter. Heico comprises approximately 4.1% of One Madison Group LLC’s holdings, making the stock its 10th largest position. One Madison Group LLC’s holdings in Heico were worth $39,360,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new stake in shares of Heico in the second quarter valued at about $910,000. Vinva Investment Management Ltd increased its stake in Heico by 849.8% during the second quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after acquiring an additional 12,815 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Heico in the 2nd quarter valued at approximately $1,086,000. Global Trust Asset Management LLC lifted its position in shares of Heico by 145.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 4,610 shares of the aerospace company’s stock worth $1,512,000 after acquiring an additional 2,730 shares during the period. Finally, Lombard Odier Asset Management USA Corp lifted its position in shares of Heico by 54.8% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock worth $3,011,000 after acquiring an additional 3,249 shares during the period. 27.12% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Julie Neitzel acquired 676 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was bought at an average price of $243.93 per share, with a total value of $164,896.68. Following the completion of the acquisition, the director owned 676 shares in the company, valued at approximately $164,896.68. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Adolfo Henriques bought 676 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was purchased at an average price of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director directly owned 24,069 shares of the company’s stock, valued at $5,871,151.17. The trade was a 2.89% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 4,448 shares of company stock worth $1,086,933 over the last ninety days. Corporate insiders own 9.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HEI shares. Barclays boosted their price objective on Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 2nd. Citigroup began coverage on shares of Heico in a research note on Thursday. They set a “buy” rating on the stock. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Truist Financial raised their price objective on shares of Heico from $352.00 to $366.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Finally, BNP Paribas Exane began coverage on shares of Heico in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $330.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $343.62.

Get Our Latest Research Report on HEI

Heico Stock Up 2.1%

Shares of NYSE HEI opened at $315.30 on Friday. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $338.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The business has a fifty day moving average of $314.07 and a two-hundred day moving average of $314.48. The stock has a market cap of $43.89 billion, a PE ratio of 68.99, a PEG ratio of 3.04 and a beta of 1.04.

Heico Profile

(Free Report)

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

Further Reading

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